Wheat for Mar. was up 1 cent at $7.4375 a bushel; Mar. corn gained 4 cents at $6.75 a bushel, Mar. oats rose 2.75 cents at $3.64 a bushel; while Jan. soybeans advanced 8.75 cents at $15.3825 a bushel.
Beef was mixed and pork was lower on the Chicago Mercantile Exchange. Feb. live cattle was up .17 cent at $1.5772 a pound; Jan. feeder cattle fell .87 cent at $1.8125 a pound; while Feb. lean hogs was off .10 cent at $.7865 a pound.
SAN FRANCISCO (AP) – Long before beleaguered billionaire Elon Musk purchased Twitter in October, he had set his sights on Tesla, the electric automaker where he serves as CEO and from which he derives most of his wealth and fame. Musk claimed in a August 7, 2018 tweet that he had lined up the financing to pay for a $72 billion buyout of Tesla, which he then amplified with a follow-up statement that made a deal seem imminent. But the buyout never materialized and now Musk will have to explain his actions under oath in a federal court in San Francisco. The trial, which begins on Tuesday with jury selection, was triggered by a class-action lawsuit on behalf of investors who owned Tesla stock for a 10-day period in August 2018.
DAVOS, Switzerland (AP) – The European Union is pushing forward with a massive clean tech industrial plan that not only should keep the continent in the vanguard of plotting a greener future but also guarantee its economic survival as it faces challenges from China and the United States. EU Commission President Ursula von der Leyen presented the outlines for her “Green Deal Industrial Plan” that will make it much easier to push through subsidies for green industries and pool EU wide projects that are boosted with major funding as the EU pursues the goal to be climate neutral by 2050. Speaking Tuesday at the World Economic Forum in Davos, Switzerland, Von der Leyen says the 27-nation bloc will more forcefully counter unfair trading practices.
BEIJING (AP) – China’s economic growth fell to its second-lowest level in at least four decades last year under pressure from antivirus controls and a real estate slump. But activity is gradually reviving after restrictions that kept millions of people at home were lifted. Official data showed the world’s second largest economy grew by 3% last year. Growth slid to 2.9% over a year earlier in December from the previous month’s 3.9%. Retail spending and other indicators improved. But a recovery is expected to be modest. Wary consumers are returning only gradually to shopping malls and restaurants amid a surge in COVID-19 infections.
Comments